Wexford Capital LP Grows Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Wexford Capital LP raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 36.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the industrial products company’s stock after acquiring an additional 8,000 shares during the period. Wexford Capital LP’s holdings in Donaldson were worth $2,020,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Colonial Trust Co SC purchased a new position in shares of Donaldson during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. increased its stake in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Donaldson by 162.7% in the 4th quarter. Quarry LP now owns 1,072 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This represents a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,700 shares of company stock worth $5,164,799 in the last ninety days. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus cut their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

Donaldson Trading Up 1.5%

DCI stock opened at $71.07 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.82 and a beta of 1.01. The business’s 50-day moving average is $65.92 and its 200 day moving average is $69.48.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.